Venezuela, RB: Exports of goods and services (% of GDP)
In , Venezuela, RB's Exports of goods and services (% of GDP) was 16.86.
That's down 6.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 44.26 . Venezuela, RB ranks #141 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #20 of 24.
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 47.20
- Trough
- 13.01
- 1-year change
- -6.7%
- 5-year change
- -64.3%
- -18.6% / yr
- 10-year change
- -61.3%
- -9.1% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 16.8598 | |
| 18.0669 | |
| 16.3492 | |
| 15.3500 | |
| 13.0058 | |
| 47.1961 | |
| 42.5555 | |
| 33.3064 | |
| 31.1184 | |
| 40.7361 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Venezuela, RB's Exports of goods and services (% of GDP) in 2024?
- In 2024, Venezuela, RB's Exports of goods and services (% of GDP) was 16.86, according to World Bank Open Data.
- Is Venezuela, RB's Exports of goods and services (% of GDP) rising or falling?
- Venezuela, RB's Exports of goods and services (% of GDP) fell 6.7% from 2023 to 2024.
- How does Venezuela, RB rank globally on Exports of goods and services (% of GDP)?
- In 2024, Venezuela, RB ranked #141 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Venezuela, RB's Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Venezuela, RB is below the world average. Within Latin America & Caribbean, it ranks #20 of 24.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.